Ramelius Sources Wins 2025 Craig Oliver Award | Commodities
Gold miner Ramelius Sources (ASX:RMS,OTC Pink:RMLRF) obtained the celebrated Craig Oliver Award on the RIU Explorers Convention in Fremantle, Western Australia, held from February 18 to twenty.
Established in 2011, the Craig Oliver Award is an annual recognition for exploration excellence devoted to its namesake, a former Sundance Sources director and identified Western Australia determine.
The award is handed out on the RIU Explorers Convention yearly. For this version, the award was offered by Craig Oliver’s daughter, Hanna Oliver, and was obtained by Ramelius Managing Director Mark Zeptner.
“It’s actually a very pleasant surprise receiving this award today honouring the legacy of Craig Oliver,” Zeptner informed Sources Roadhouse. “I note that it is an all-rounder award and I would like to feel that we fit that criteria very well. We are a cash flow generating producer, we have been a successful acquirer and, in my mind, an underrated explorer.”
Throughout the December quarter of 2024, Ramelius achieved document underlying free cashflow, reporting AU$174.5 million for the quarter. Group gold output got here in at 85,311 ounces at an AISC of AU$1,491 per ounce.
Additionally during This fall, the company accomplished a prefeasibility examine (PFS) for its Rebecca-Roe project, with gold manufacturing positioned at an average of 130,000 ounces each year over a 9 12 months mine life.
In accordance with Ramelius, the PFS positions the project as one of its most useful belongings.
‘The long-term outlook positions the Rebecca-Roe Gold project as an able replacement for Edna May, which when combined with the Mt Magnet operation, establishes a consolidated profile from FY26 of average annual gold production over 220,000 ounces per annum at an AISC below AU$2,050 per ounce,” Zeptner said in a December 12 release.
A final investment decision for Rebecca-Roe is expected in July.
The other companies under consideration for this year’s Craig Oliver Award were BCI Minerals (ASX:BCI) and Spartan Resources (ASX:SPN,OTC Pink:GYYSF), which also celebrated strong achievements in 2024.
BCI is moving forward at its Mardie salt and potash project on Western Australia’s West Pilbara coast. It is set to become Australia’s largest and the world’s third largest photo voltaic salt project.
In the meantime, Spartan Sources reported a new discovery at its Dalgaranga gold project in Western Australia, which is presently the main focus of an intensive three to 4 rig drill program. Ramelius participated in a capital raising introduced by Spartan this previous December, growing its stake within the firm from 18.3 p.c to 19.9 p.c.
In 2024, Azure Minerals (ASX:AZS) was the Craig Oliver Award recipient. It was nominated alongside Genesis Minerals (ASX:GMD,OTC Pink:GSISF), Boss Vitality (ASX:BOE,OTCQX:BQSSF) and Santana Minerals (ASX:SMI).
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Securities Disclosure: I, Gabrielle de la Cruz, maintain no direct investment curiosity in any company talked about on this article.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
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